Codeifai (ASX:CDE) Receivables Turnover : 0.24 (As of Dec. 2024)

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What is Codeifai Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Codeifai's Revenue for the six months ended in Dec. 2024 was A$0.08 Mil. Codeifai's average Accounts Receivable for the six months ended in Dec. 2024 was A$0.34 Mil. Hence, Codeifai's Receivables Turnover for the six months ended in Dec. 2024 was 0.24.

Codeifai Receivables Turnover Historical Data

The historical data trend for Codeifai's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Codeifai Receivables Turnover Chart

Codeifai Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.33

4.79

5.03

2.84

2.54

Codeifai Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.97	2.18	-	1.90	0.24

Competitive Comparison of Codeifai's Receivables Turnover

For the Security & Protection Services subindustry, Codeifai's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Codeifai's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Codeifai's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Codeifai's Receivables Turnover falls into.

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Codeifai Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Codeifai's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	0.607	/ (	(0.179	+	0.299)	/	2 )
=	0.607	/	0.239
=	2.54

Codeifai's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	0.081	/ (	(0.376	+	0.299)	/	2 )
=	0.081	/	0.3375
=	0.24

Codeifai (ASX:CDE) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Codeifai Receivables Turnover Related Terms

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Codeifai Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Codeifai Ltd (ASX:CDE) » Definitions » Receivables Turnover

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Address

126 Philip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.connectqr.ai

Codeifai Ltd is engaged in sales, marketing, and developer of consumer engagement solutions to brand owners centered around the generation and management of QR codes through its website which is the Company's QR code management platform Connect(TM). The Group is categorized as a bundled complete solution offering that encompasses products and services which are available to customers, including a Digital engagement platform, Covert forensic products and Brand protection labelling solutions. The company operates in Australia, the People's Republic of China, Thailand and the United States of America. It derives maximum revenue from Australia.